J.P. Morgan Chase & Co.’s first-quarter net income jumped 33%, beating analysts’ expectations, as strong investment-banking results offset declining mortgage revenue at the nation’s largest bank by assets. The bank also benefited from continued improvements in loan quality that allowed it to set aside less money for future losses.

Infosys reported that its fiscal fourth-quarter net profit rose 3% from a year earlier but revenue came in below expectations. The company blamed a “volatile” world for disappointing results and said sales will grow at just 6% to 10% over the next 12 months, well below industry forecasts. American depositary shares of the India-based software exporter plunged 18% to $44.57 premarket.

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